Blockchain is one of the first truly disruptive ideas from the fintech sector - Deutsche Bank

The technology underpinning the cryptocurrencies such as Bitcoin, Litecoin and others, is “one of the first truly disruptive ideas from the fintech sector,” Deutsche Bank Research has said in an online post titled Blockchain – attack is probably the best form of defence. “Traditional banks now need to focus in particular on timely analysis of these new technological challenges and on development of potential (collaboration) strategies in order to reclaim a more active role in the competitive race to innovate. One result of the planned potential analyses could be that financial institutions....

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Banks should seek to leverage blockchain technologies as part of a bid to defend their business models from disruption, Deutsche Bank Research suggested in a recent post online. Entitled "Blockchain - attack is probably the best form of defence", the post discusses bitcoin and blockchain and its implications for major banks broadly, calling the technology "one of the first truly disruptive ideas from the FinTech sector". Author Thomas Dapp goes on to discuss his view that the true power behind bitcoin and the blockchain lies in its application of peer-to-peer (P2P) technology to the....

German global banking and financial services company Deutsche Bank is set to launch three startup innovation labs in Silicon Valley, London and Berlin to accelerate fintech (financial technology services) companies, which could potentially help the bank’s clients in the financial sector. The Chief Information Officer of Deutsche Bank, Kim Hammonds told American Banker that out of the 500 companies, which will be evaluated, 50 startups will be implemented either by Deutsche Bank or by the bank’s clients. As of now, the reserved sum of investments for the accelerator has not been disclosed.....

Established financial players around the world have been keeping a close eye on the advancements made by Bitcoin and other FinTech companies. Some of them have even started to develop new blockchain-based projects, in an attempt to deploy this technology as a cost-cutting measure. But by the look of things, banks will need to start cooperating with FinTech companies for B2B services, which could be positive news for Bitcoin as well. Deutsche Bank is one of the first to openly admit things need to change.

A new report from Deutsche Bank points to financial technology (FinTech) organizations as being crucial towards advancing initiatives to integrate blockchain technology into Wall Street. Aptly titled ‘FinTech 2.0: Creating new opportunities through strategic alliance’, the report details the untapped potential which collaborative efforts between the largely geographically separated partners could bring, particularly to business-to-business (B2B) payments. By bridging New York’s financial and regulatory horsepower with FinTech groups, many of whom are startups, Deutsche Bank is echoing an....

Moscow’s first international FinTech cluster, Future FinTech, sponsored by Blockchain Community and venture capital fund Deep Knowledge Ventures among others successfully launched October 29. CoinTelegraph spoke to bits.media Founder Ivan Tikhonov about the importance of the event, its potential to change the Russian FinTech climate and the current legislative situation in Russia. Located above the headquarters of disruptive banking provider iBank, which also sponsored the event, the cluster brought together startups, investors and funds to exchange ideas and build relationships in a....

Quotes

Just tried to buy breakfast w bitcoins. Refused. #whenwilltheworld catchuptomyhipness? (taken from his official twitter page)